daily commodity report 06-02-2014 by epic research
TRANSCRIPT
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8/13/2019 Daily Commodity Report 06-02-2014 by EPIC RESEARCH
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COMMODITY CONTRACT OPEN PRICE HIGH LOW CLOSE PRICE CHANGE OI (in lots)GOLD 05 APR 2014 28720.00 29080.00 28689.00 28632.00 0.47 9433
SILVER 05 MAR 2014 43772.00 45223.00 43772.00 43557.00 2.05 10803
CRUDE 19 FEB 2014 6080.00 6154.00 6068.00 6075.00 0.36 10079
NATURAL GAS 25 FEB 2014 334.50 359.40 323.30 333.60 -1.35 15148
COPPER 28 FEB 2014 442.065 444.95 441.30 441.15 0.18 12463
NICKEL 28 FEB 2014 867.90 876.80 862.80 864.40 0.20 6625
LEAD 28 FEB 2014 131.25 132.50 130.80 130.70 0.27 2964
ZINC 28 FEB 2014 122.80 123.90 122.60 122.45 0.73 2130
ALUMINIUM 28 FEB 2014 104.20 105.50 104.20 104.05 1.11 4157
DAILY MARKET WRAPUP
METAL TONNES IN STORAGEALUMINIUM -7400
COPPER -2050
NICKEL -162
LEAD -500
ZINC -6250
LME WAREHOUSE STOCKS (05-FEB- 2014)
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COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCRUDE OIL (WTI) USD/BBL. 97.48 +0.10 +0.10% MAR 14
CRUDE OIL (BRENT) USD/BBL. 106.27 +0.02 +0.02% MAR 14
RBOB GASOLINE USD/GAL. 264.85 +4.54 +1.74% MAR 14
NYMEX NATURAL GAS USD/MMBTU 5.16 +0.13 +2.54% MAR 14
NYMEX HEATING OIL USD/GAL. 299.46 -0.22 -0.07% MAR 14
COMMODITY UNITS PRICE CHANGE CHANGE CONTRACTCOMEX GOLD USD/T OZ. 1,257.10 +0.20 +0.02% APR 14
GOLD SPOT USD/T OZ. 1,257.04 -0.88 -0.07% N/A
COMEX SILVER USD/T OZ. 19.91 +0.10 +0.50% MAR 14
COMEX COPPER USD/LB. 319.35 +0.50 +0.16% MAR 14
PLATINUM SPOT USD/T OZ. 1,382.81 +2.18 +0.16% N/A
INTERNATIONAL MARKETS
ENERGY COMMODITY FUTURES
PRECIOUS AND INDUSTRY METALS
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COMMODITY EXPIRY SUP.3 SUP.2 SUP.1 PIVOT RES.1
ALUMINIUM 28-FEB 101.93 102.72 103.38 104.17 104.83
COPPER 28-FEB 435.47 438.08 439.62 442.23 443.77
CRUDEOIL 19-FEB 5978 6013 6044 6079 6110
GOLD 5-APR 28098 28352 28492 28746 28886
LEAD 28-FEB 126.87 128.43 129.57 131.13 132.27
NATURALGAS 25-FEB 295.53 303.87 318.73 327.07 341.93NICKEL 28-FEB 842.4 852.1 858.2 867.9 874.0
SILVER 5-MAR 42829 43117 43337 43625 43845
ZINC 28-FEB 120.13 121.02 121.73 122.62 123.33
INTRADAY SUPPORT AND RESISTANCE
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MOST ACTIVE CONTRACTS
Symbol Expiry Date LTP Value (In Lacs) Volume (In Lots)NATURAL GAS 25-02-2014 329.10 6,17,02,300.80 1,87,488
SILVERMICRO 28-02-2014 44492.00 6,48,63,10,712.00 1,45,786
SILVER M 28-02-2014 44481.00 2,95,24,26,375.00 66,375
CRUDE OIL 19-02-2014 6097.00 37,53,31,320.00 61,560SILVER 05-03-2014 44450.00 1,52,58,35,150.00 34,327
COPPER 28-02-2014 441.95 95,23,138.60 21,548
GOLD M 05-03-2014 29304.00 50,31,49,680.00 17,170
GOLD 05-04-2014 28766.00 48,00,75,774.00 16,689
COPPERMINI 28-02-2014 442.10 69,83,853.70 15,797
LEADMINI 28-02-2014 131.05 20,61,416.50 15,730
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TODAY,S COMMODITY NEWS
COMMODITY HEADLINES
Silver futures up 0.73% on global cues and Gold down 0.27% in futures trade Copper up 0.47% on strong global cues
Aluminium rises on spot demand, overseas cues
Lead up 0.5% on strong spot demand, overseas cues Arabica coffee prices post biggest gain since 2004
Groundnut oil trading at four years low on weak demand
Potato gains 1.16% on rise in spot demand Crude oil down 0.18% on mixed Asian cues
Oil prices down in Asia on weak Chinese data
Oil prices mixed after Fed taper decision MCX board to meet on Friday over regulatory diktat on FT stake
Rubber procurement to stay till prices reach Rs 171 per kg
Mentha oil declines over 1% on profit-booking
ONGC to sell additional gas to Steel Exchange India
Gold holds above $1,250 amid shaky equities; physical demand weak
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SPECIAL NEWS US Gold futures continued the early recovery on bar-
gain buying, ahead of the ADP employment data
scheduled to release later Wednesday. The U.S. is to
release the ADP report on private sector job creation,
which leads the government's highly-anticipated non-
farm payrolls report by two days, while the ISM is to
publish a report service sector activity. Asia's stock
markets were ended Wednesday's session on a mixednote with shares in Japan bouncing off the previous
session's three-month low on the back of upbeat cor-
porate earnings.
European stock markets were rebounded on Wednes-
day, from three consecutive days of losses, helped
higher by well-received earnings reports from Swatch
Group and Alfa Laval. Data firm Markit said its com-
posite Purchasing Managers Index for the euro zone
increased to 52.9 in January from 52.1 in December,
signaling the most rapid expansion since June 2011.
However, the final January reading was lower than
the preliminary estimate of 53.2 released last month.
COMMODITY BUZZ India's steel exports to Thailand could be affected after a
recent duty imposition, states a latest update from the
Ministry of Commerce and Industry. Recently, Thailand
imposed a definitive safeguard duty on imports of certain
hot rolled steel flat products originating from India at the
ad valorem rate of 44.2% for the period 15th September
2013 to 26th February, 2014. This would be progressively
reduced as per the provisions of Agreement on Safeguardunder the World Trade Organization (WTO).
The seasonally adjusted volume of retail trade fell by 1.6%
in the Euro zone in December 2013 as compared with No-
vember 2013, after surging 0.90% in November2013, ac-
cording to estimates from Eurostat, the statistical office of
theEuropean Union. On an annual basis, the retail sales
index decreased by 1% inthe Euro zone , after surging
1.30% in the month of November 2013. U.K.'s services
sector activity grew again in January, but at a marginally
slower pace than in December, in line with the manufac-
turing sector, a survey showed Wednesday. Despite the
slowdown in the pace of expansion.
COMMODITY BUZZ AND ECONOMIC EVENTS
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EPIC RESEARCHANALYST SPEAKS
SILVER
SILVER MCX Short term trend is UP, Immediate support @ 43500Immediate Resistance @ 44250 SILVER MCX Closed @ 43557.00Yesterday Intraday Range of SILVER MCX was 1451. Volumes were 34580 lots. For today Keep a close eye on US data, volatility may
Rule the overall Market due to USDINR Movements.
BUY SILVER ABOVE 44700 TGTS 44900/45200 SL 44300
SELL SILVER BELOW 44300 TGTS 44100/43800 SL 44700
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EPIC RESEARCHANALYST SPEAKS
GOLD
GOLD MCX Short term trend is UP Immediate support @ 28600Immediate Resistance @ 29000 GOLD MCX Closed @
28632.00 Yesterday Intraday Range of GOLD MCX was 391 Volumes were 16800 lots. For today Keep a close eye on US data,
volatility may Rule the overall Market due to USDINR Movements.
BUY GOLD(APR) ABOVE 28900 TGTS 28980/29080 SL 28780
SELL GOLD(APR) BELOW 28600 TGTS 28520/28420 SL 28720
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EPIC RESEARCHANALYST SPEAKS
CASTORSEED
Catorseed Feb. looking sideways to bearish in daily chart. Momentum indicators also support bearish-
ness, recommending sell on high. In Intraday basis immediate support @ 3990 &immediate resistance @ 4110.
BUY CASTORSEED FEB ABOVE 4110 TGTS 4140,4190 SL 4060
SELL CASTORSEED FEB BELOW 3990 TGTS 3960,3910 SL 4040
RESISTANCE 1 4144.7
RESISTANCE 2 4184.3
PIVOT 4072.7
SUPPORT 1 4040.3
SUPPORT 2 4000.7
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EPIC RESEARCHANALYST SPEAKS
DHANIYA
Daily chart of Dhaniya shows bullishness and it will continue its rally from nearest support level to up-
per side. Fundamentally also Dhaniya is in bullish trend. Recommending buy on
dips ,momentum indicator RSI is below mid range. But All over dhaniya is in bullish trend. Immedi-
ate support @ 8010 and immediate resistance @ 8110.
BUY DHANIYA FEB ABOVE 8110 TGTS 8140,8190 SL 8060
SELL DHANIYA FEB BELOW 8010 TGTS 7980,7930 SL 8060
RESISTANCE 1 8215.3
RESISTANCE 2 8372.7
PIVOT 8122.7
SUPPORT 1 7965.3
SUPPORT 2 7872.3
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TIME COUNTRY EVENT ACTUAL FORECAST PREVIOUSTHURSDAY, FEBRUARY 6
ALL DAY HOLIDAY NEW ZEALAND - WAITANGI DAY
06:00 AUD NAB QUARTERLY BUSINESS CONFIDENCE 3.00
06:00 AUD RETAIL SALES (MOM) 0.4% 0.7%
06:00 AUD TRADE BALANCE -0.300B -0.118B
12:15 CHF SECO CONSUMER CLIMATE 1 -5
16:30 EUR GERMAN FACTORY ORDERS (MOM) 0.4% 2.1%
17:30 GBP BOE QE TOTAL 375B 375B
17:30 GBP INTEREST RATE DECISION 0.50% 0.50%
18:15 EUR INTEREST RATE DECISION 0.25% 0.25%
19:00 CAD EXPORTS 40.00B 39.78B
19:00 CAD TRADE BALANCE -1.00B -0.94B
19:00 EUR ECB PRESS CONFERENCE
19:00 USD INITIAL JOBLESS CLAIMS 335K 348K
19:00 USD NONFARM PRODUCTIVITY (QOQ) 2.5% 3.0%
19:00 USD TRADE BALANCE -36.00B -34.30B
19:00 USD UNIT LABOR COSTS (QOQ) -0.5% -1.4%
20:30 CAD IVEY PMI 51.0 46.3
TODAYS ECONOMIC EVENTS
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